There are some aspects of this fund which may require extra consideration before deciding to invest.

Mix data not available

There may be no data yet, or the data has issues. So this fund can't yet be compared to others, or to an average.

Mix

Fees

Fees shown here (in purple) are based on what you would pay over a year if you had $10,000 in this fund. Compare with the average fees for KiwiSaver funds (in grey).

Fees

Returns

Returns (in green) show how much this fund has grown in value in five years up to 31 December 2023 – after fees and taxes. Compare with the average KiwiSaver fund (in grey).

Returns

Key facts

Here is what the provider says about this managed fund

An ethical portfolio with a higher exposure to income assets and a lower exposure to growth assets. This Fund’s value is unlikely to fluctuate as much as the Balanced Fund or Growth Fund.

Provider website

path.co.nz

Fund start date

23 July 2019

When can you get your money out?

This is a KiwiSaver fund, which means generally you can withdraw only to purchase a first home, after the age of 65 or in cases of financial hardship.

Mix

Mix not yet available – there may be no data yet, or the data has issues. So this fund can't yet be compared to others, or to an average.

Top 10 investments

These assets make up 37.11% of this fund.

Asset Asset class Type Country % of Fund
CASH AT BANK - NZD - WESTPAC Cash Cash and equivalents NZ 14.28%
VECTOR NZ 14/03/2024 Bonds New Zealand fixed interest NZ 3.67%
KIWIBANK BOND 20/09/2024 Bonds New Zealand fixed interest NZ 3.66%
KAPSTREAM ABSOLUTE RETURN INCOME PLUS FUND Bonds International fixed interest AU 2.88%
COMMUNITY REFUGE FUND 21/03/2026 Bonds New Zealand fixed interest NZ 2.41%
WESTPAC BOND 29/07/2024 Bonds New Zealand fixed interest NZ 2.36%
SPARK NZ 07/03/2024 Bonds New Zealand fixed interest NZ 2.04%
ASB BOND 16/11/2026 Bonds New Zealand fixed interest NZ 1.97%
LANDWIRTSCHAFTLICHE RENTENBANK 11/02/2027 Bonds International fixed interest DE 1.97%
BNZ BOND 07/06/2027 Bonds New Zealand fixed interest NZ 1.87%

Full list of investments this fund holds

xlsx, 144 KB

Fees



Fees shown here (in purple) are based on what you would pay over a year if you had $10,000 in this fund. You can compare these with fees for the average KiwiSaver fund (in grey).

A comparison of averages is not available for this fund. See Mix details for more information.

Fees breakdown

Here's a breakdown of the different charges in this fund (in purple), compared to the average KiwiSaver fund (in grey).

Fee Type % Over a Year Amount Paid on a 10K Balance

Management

This fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance.

0.80%
$80.00

Other

This is a summary of other potential costs not covered in the categories displayed.

0.08%
$8.00

Performance-based

These fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher.

None
$0.00

Membership

You pay this membership charge (a flat fee) each year, regardless of your balance or the fund's performance.

0.27%
$27.00

Total combined fees

These are a total of management and administration charges and performance-based fees over a year. They do not necessarily include fees for activities like transferring or withdrawing.

1.15%
$115.00

Returns


For the past five years, this fund returned this average each year to investors (in green). This was after fees and taxes (28% PIR) were taken out. To compare, you can see the average return over the same time for all KiwiSaver funds (in grey).

A comparison of averages is not available for this fund. See Mix details for more information.

Yearly returns

These annual returns (in green) were for the 12 months up to 31 March 2023. You can compare them to the average KiwiSaver fund (in grey).

Risks

Specific risks for this fund

Chasing higher returns while investing always increases risks. Several kinds of risks, actually. It is important to evaluate whether the returns are worth it, whether you can cope, and whether this investment will in fact help you achieve your goals. Also, since the way an investment is structured can make it riskier, it's important to understand how it works.

You'll find the specific risks in the Risk section of the PDS, and here's more about understanding risk.

pdf, 1.2 MB

Risk indicator

This is a gauge of how volatile this investment has been – how much it has gone up and down in value. It has been calculated based on the fund's five-year performance (or an appropriate market index if it has not been around that long).

The left side of this range of numbers indicates a Lower risk

The right side of this range of numbers indicates a Higher risk

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7

The left side of this range of numbers indicates Potentially
lower returns

The right side of this range numbers indicates Potentially
higher returns

Key documents

These are the most important documents that a provider is required to file about this investment.

Product disclosure statement

Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.

pdf, 1.2 MB

Fund update (most recent)

This update from the provider lets you see much of the same information shown here in Smart Investor: how this fund is performing, what it costs and the investments it currently holds.

pdf, 772 KB

Complete asset portfolio

Browse through the complete list of investments held by this fund.

xlsx, 144 KB

Statement of investment policy and objectives (SIPO)

A SIPO tells you where the fund managers are coming from. It sets out the governance and management framework, philosophy, strategies and objectives for this investment.

pdf, 392 KB

Key personnel

These are the directors and employees who have the most influence on investment decisions for this fund.

Name Current position Time in role
JOHN BERRY CEO 14 years, 9 months
PAUL BROWNSEY CIO 14 years, 9 months
KENT FRASER Chair of Ethics and Investment Committee 7 years, 3 months

Additional details

Manager details

Name

PATHFINDER ASSET MANAGEMENT LIMITED

Type

NZ Limited Company

Website

NZBN

Supervisor

Name

PUBLIC TRUST

Fund details

Asset liquidity ratio

92.84%

Total value of fund

$14,673,696.71

Debt ratio

0.37%

Continuous issue

Yes

Default KiwiSaver

No

Lifecycle option

No

Multi-fund option

No

Schedule 1 exemption

No

FMA exemption

No

Number of members

601

Reference numbers

Fund

FND14932: PATHFINDER KIWISAVER CONSERVATIVE FUND

Offer

OFR12681: PATHFINDER KIWISAVER PLAN

Scheme

SCH12666: PATHFINDER KIWISAVER PLAN

Next steps

Want to know more about this investment or how it compares to others? Have a look at its peers.

This is

KiwiSaver fund

Product disclosure statement

Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.

Fund update (most recent)

These are provided to members of the fund (usually once each quarter) to update them on its performance.

Getting investment advice

Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask. 

Interested in investing in this offer? Visit the provider's website. path.co.nz